The US Strategic Petroleum Reserve (SPR) has dropped to its lowest level since 1983, falling to 298.7 million barrels due to releases authorized in response to geopolitical conflicts involving Iran and Ukraine. The SPR, originally created in 1975 to buffer against oil shocks, has seen significant drawdowns since 2022, including a large release under the Biden administration after Russia's invasion of Ukraine. Recent declines follow President Trump's 2026 authorization to release up to 172 million barrels to offset disruptions in oil supply through the Strait of Hormuz. Experts warn this depletion could impact fuel prices, and the Government Accountability Office urges a unified long-term plan for SPR maintenance and inventory management.
NEAR Intents, a decentralized finance protocol, publicly gave hackers 48 hours to return stolen funds following a recent exploit. The protocol aims to recover assets voluntarily before pursuing legal or on-chain measures. Details on the stolen amount...
Neostellar Capital's shares are trading at a 41% discount to its net asset value due to negative sentiment around its AI-focused portfolio and recent externalization to Magnetar. The company's largest holding, WHOOP, is preparing for a potential IPO,...
NEAR Intents identified the individual responsible for a security breach causing about $3.8 million in user losses and has given them 48 hours to return the funds. The company confirmed the person's identity and published wallet addresses for returni...
MANTRA Chain has launched Governance Proposal #39, asking token holders to approve a Community Pool for ecosystem funding and a MANTRA Assistance Fund (MAF) that uses fees from its NVNM Chain validator to buy back MANTRA tokens. The proposal does not...
The Sui blockchain network allows users to transfer USDsui tokens without incurring any protocol-level fees, regardless of the transfer size. This applies to both small transfers, such as one USDsui, and large transfers, like one million USDsui. This...
